Shaul Shani Explained

Shaul Shani
Native Name:שאול שני
Native Name Lang:he
Birth Place:Kiryat Eliezer, Haifa, Israel
Occupation:Businessman
Known For:Owner of Swarth Group

Shaul Shani (Hebrew: שאול שני; born c. 1955) is an Israeli businessman in the technology industry, and the owner of Swarth Group.

Early life

Shaul Shani was born circa 1955.[1] He grew up in Kiryat Eliezer, Haifa. His father worked at the Port of Haifa.[2]

Career

Shani started investing in the 1980s.[1] He founded Oshap Technologies in 1982.[1] It was listed on the NASDAQ three years later, in 1985.[1] By 1999, he sold it to SunGard for US$210 million.[1] He was also a co-founder of Sapiens International Corporation and Tecnomatix, two companies listed on the NASDAQ which he later sold.[1]

He founded Global Village Telecom, a Brazilian telecommunications company, in 1999.[1] [3] [4] Upon selling it to Vivendi for US$4.5 billion in 2009, he made a profit of US$1.5 billion.[1] [3] [4]

He is the owner of Swarth Group, which controls ECI Telecom.[3]

In May 2015, his net worth was estimated at US$3.0 billion.[1] As of February 2022, Forbes listed his net worth at $4.1 billion.[1]

As of January 2024, Forbes estimated Shani's net worth at US$4 billion, ranked 739th worldwide,[5] and 11th wealthiest in Israel.[6]

Personal life

Shani resides in Italy.[1]

Notes and References

  1. Web site: Shaul Shani. Forbes. 14 May 2015.
  2. Web site: הכירו את המיליארדר שאול שני, שעומד מאחורי היד הקשה שהופעלה נגד עובדי ECI. 2020-07-28. דבר העובדים בארץ ישראל. he-IL.
  3. https://www.forbes.com/sites/calebmelby/2013/02/06/secretive-israeli-billionaire-invested-in-tech-before-it-was-cool/ Secretive Israeli Billionaire Invested In Tech Before It Was Cool
  4. Shuki Sadeh, The Israeli who built a $9 billion empire in the jungles of Brazil, Haaretz, 1 November 2014
  5. Web site: Shaul Shani. 2024-01-27. Forbes. en.
  6. Web site: Wealthiest People in Israel (January 22, 2024). CEOWORLD magazine.